IPO Investors Show No Fear
In Wake of Technology Sell-Off

By

Nick Wingfield The Wall Street Journal Interactive Edition

Updated April 29, 1998 12:01 a.m. ET

SAN FRANCISCO -- Monday's market rout did little to shake Wall Street's confidence in initial public offerings from two high-tech companies -- Mobius Management Systems Inc. and Aspec Technology Inc. -- both of which were greeted warmly by investors on Tuesday.

Underwriters led by Hambrecht & Quist LLC priced six million Aspec shares at $13 apiece Monday night. Shares of the Sunnyvale, Calif., company opened at $15.50 on the...